Tuesday morning news drop
Sorry, collectibles are terrible investments Nobody wants your beanie babies. And even “serious” collectibles are mathematically destined to underperform. (Full Stack Economics)
This doesn’t look very recessionary: Economic data hasn’t just been strong — they’re exceeding expectations (Sam Ro)
‘The sound of money’: Wind energy is booming in deep-red Republican states: Far from the coasts, wind energy is thriving here in America’s heartland, on the vast plains of Oklahoma, Texas and Nebraska. Long an area devoted to oil and gas, Western Oklahoma is now home to one of the largest wind farms in the world. (CNN)
Higher interest rates could help, Powell says. Not everyone agrees. The Federal Reserve has outlined a fix it says can help with surging prices and a tight labor market. Economists say it’s much more complicated. (Washington Post)
When Nokia Pulled Out of Russia, a Vast Surveillance System Remained The Finnish company played a key role in enabling Russia’s cyberspying, documents show, raising questions of corporate responsibility. (New York Times)
‘Discrimination was their brand’: how Abercrombie & Fitch fell out of fashion A revealing new Netflix documentary looks back on the highs of the fashion brand that dominated a generation before controversies dragged it down. (The Guardian)
The Unapologetic Heirs of Nazi Fortunes: How can it be that three of Germany’s most powerful business families, their companies and their charities are so out of step with the country’s lauded remembrance culture? (New York Times)
How Serena Williams Saved Her Own Life Black women are nearly three times more likely to die after childbirth than white women. Serena Williams was almost one of them. Here, in her own words, she tells her story. (Elle)